WASHINGTON, Sept. 3 -- Sen. Sheldon Whitehouse issued the following press release:
U.S. Senators Sheldon Whitehouse (D-RI), Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), Ed Markey (D-MA), and Bernie Sanders (I-VT) today blasted the Treasury Department's refusal to close the Standard Industry Fare Level (SIFL) loophole, which has long been abused by private jet owners to substantially undervalue the taxable cost of personal travel on a corporate private jet. The Trump Treasury Department's pro-billionaire pronouncement came in a response to a July 24 request (https://www.whitehouse.senate.gov/wp-content/uploads/2026/07/20260724-Letter-from-Senator-Whitehouse-et-al-to-Treasury-IRS-on-SIFL.pdf) from the senators.
The Treasury Department ...